IndyMac Bancorp's (IMB) Keys Resigns; CEO Says Co. Will Not Buyback Stock

July 1, 2008 4:58 PM EDT

IndyMac Bancorp (NYSE: IMB) today announced that, effective June 30, A. Scott Keys, the company's former CFO, has resigned. Mr. Keys had been on a medical leave of absence since April 24, 2008.

Unrelated, Indymac's Chairman and CEO, Michael Perry, responded to recent shareholder suggestions about a stock buyback. The exec said that while he had thought about the issue, Indymac is not considering a buyback of its shares.

IndyMac Bancorp, Inc. operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank that provides mortgage products and services in the United States.

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